Job creation is strong, but wage growth disappoints. What that means to the Bank of Canada

ymeadmin Current Economic and Mortgage News, News

The Bank of Canada thinks hourly pay should be growing around three per cent given the strength of economic growth in recent years. Salaries appeared to be heading in that direction, then decelerated over the second half of 2018. Until that trend reverses, the central bank has a good reason to leave interest rates alone.

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